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Horizon Kinetics Asset Management Portfolio holdings

AUM $9.23B
1-Year Est. Return 27.52%
This Fund
S&P 500
This Quarter Est. Return
+12.14%
1 Year Est. Return
+27.52%
3 Year Est. Return
+184.83%
5 Year Est. Return
+256.84%
10 Year Est. Return
–
AUM
$8.81B
AUM Growth
+$782M
Cap. Flow
-$7.67M
Cap. Flow %
-0.09%
Top 10 Hldgs %
80.59%
Holding
356
New
7
Increased
90
Reduced
124
Closed
9

Top Buys

Rank Stock Value
1
HE icon
Hawaiian Electric Industries
HE
+$104M
2
ARIS
Aris Water Solutions
ARIS
+$35M
3
VUSB icon
Vanguard Ultra-Short Bond ETF
VUSB
+$11.2M
4
LB
LandBridge Co
LB
+$6.2M
5
FNV icon
Franco-Nevada
FNV
+$4.02M

Top Sells

Rank Stock Value
1
CACI icon
CACI
CACI
+$65M
2
SAIC icon
Saic
SAIC
+$38.3M
3
GBTC icon
Grayscale Bitcoin Trust
GBTC
+$34.8M
4
TPL icon
Texas Pacific Land
TPL
+$15.4M
5
DBRG icon
DigitalBridge
DBRG
+$10.9M

Sector Composition

Rank Sector Weight
1 Energy 62.8%
2 Materials 6.67%
3 Financials 6.43%
4 Consumer Discretionary 2.29%
5 Utilities 2.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PDI icon
126
PIMCO Dynamic Income Fund
PDI
$7.42B
$1.71M 0.02%
86,378
-458
-0.5% -$8.92K
SAN icon
127
Banco Santander
SAN
$210B
$1.68M 0.02%
250,510
+333
+0.1% +$1.95K
VOO icon
128
Vanguard S&P 500 ETF
VOO
$1.03T
$1.64M 0.02%
3,187
-199
-6% -$108K
ARLP icon
129
Alliance Resource Partners
ARLP
$3.17B
$1.62M 0.02%
59,392
+4,631
+8% +$124K
BR icon
130
Broadridge
BR
$19B
$1.6M 0.02%
6,599
+4,292
+186% +$1.01M
NAD icon
131
Nuveen Quality Municipal Income Fund
NAD
$2.78B
$1.59M 0.02%
138,117
– –
V icon
132
Visa
V
$677B
$1.59M 0.02%
4,539
– –
CSW
133
CSW Industrials
CSW
$5.71B
$1.57M 0.02%
5,400
– –
RIO icon
134
Rio Tinto
RIO
$164B
$1.56M 0.02%
25,966
+1,600
+7% +$98.5K
ROK icon
135
Rockwell Automation
ROK
$49B
$1.55M 0.02%
6,015
– –
BAH icon
136
Booz Allen Hamilton
BAH
$9.15B
$1.54M 0.02%
14,702
+772
+6% +$93.1K
GSK icon
137
GSK
GSK
$106B
$1.5M 0.02%
38,665
-1,200
-3% -$43.9K
MSGE icon
138
Madison Square Garden
MSGE
$3.62B
$1.46M 0.02%
44,505
-4,993
-10% -$174K
GDLC
139
Grayscale CoinDesk Crypto 5 ETF
GDLC
$359M
$1.42M 0.02%
41,029
– –
AAPL icon
140
Apple
AAPL
$4.57T
$1.41M 0.02%
6,363
-1,645
-21% -$381K
PCH
141
DELISTED
PotlatchDeltic
PCH
$1.41M 0.02%
31,270
-12,282
-28% -$539K
NVS icon
142
Novartis
NVS
$297B
$1.4M 0.02%
12,547
– –
MMM icon
143
3M
MMM
$94.3B
$1.39M 0.02%
9,475
-100
-1% -$14.7K
REZI icon
144
Resideo Technologies
REZI
$3.95B
$1.39M 0.02%
78,262
-50
-0.1% -$1.03K
SEE
145
DELISTED
Sealed Air
SEE
$1.37M 0.02%
47,550
+4,100
+9% +$134K
ABT icon
146
Abbott
ABT
$187B
$1.33M 0.02%
10,041
– –
EOG icon
147
EOG Resources
EOG
$70.7B
$1.32M 0.02%
10,293
+75
+0.7% +$9.65K
GE icon
148
GE Aerospace
GE
$384B
$1.3M 0.01%
6,497
+51
+0.8% +$10K
LIN icon
149
Linde
LIN
$226B
$1.28M 0.01%
2,750
+290
+12% +$131K
MCD icon
150
McDonald's
MCD
$195B
$1.26M 0.01%
4,046
– –
4 5
6
7 8

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LCAM
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IAA
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SFM
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WPL
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PVI
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NPT
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Horizon Kinetics Asset Management's Q1 2025 Portfolio in Review

As of Q1 2025, Horizon Kinetics Asset Management held 356 positions worth $8.81B, up 9.7% from $8.03B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Trading was light in Q1 2025: portfolio turnover was 4.5%. Horizon Kinetics Asset Management opened 7 new positions and exited 9, leaving the 356-position portfolio largely intact.

By sector, the portfolio is most concentrated in Energy at 63% of assets, up from 59% a quarter earlier, followed by Materials and Financials.

  • Horizon Kinetics Asset Management's largest Q1 2025 buy was EQT Corp: 38,404 shares worth $2.05M.
  • Horizon Kinetics Asset Management added most to Hawaiian Electric Industries in Q1 2025, an estimated $104M increase.
  • Horizon Kinetics Asset Management's biggest Q1 2025 reduction was CACI, cutting an estimated $65M.
  • Horizon Kinetics Asset Management fully exited Marex Group Limited Ordinary Shares in Q1 2025, selling an estimated $4.41M.
  • Horizon Kinetics Asset Management's ten largest holdings make up 81% of its $8.81B portfolio in Q1 2025.
  • Horizon Kinetics Asset Management opened 7 new positions and closed 9 in Q1 2025.
  • Horizon Kinetics Asset Management's portfolio value rose 9.7% quarter-over-quarter to $8.81B.

Based on Horizon Kinetics Asset Management's 13F filing for Q1 2025, filed 15 May 2025.